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Property profile & analytics
OFF-MARKET
Retail space

8161 Broadview Rd Broadview Heights, OH 44147-1627

8,677 SF 1.1 ac lot Built 1936
Entity Owned 14-yr Hold Free & Clear
Property ID
US66-1849874
Property summary
AI-generated overview

This exceptional 8,800-square-foot standalone retail building is situated on a 1.1-acre quasi-corner lot in Broadview Heights, Ohio, at 8161 Broadview Rd, zip code 44147. The property boasts high visibility and ample parking (approximately 25 spaces), making it an ideal location for a variety of businesses. The building features 10-foot ceilings, five large rooms, several smaller offices, and five bathrooms, along with a kitchen. It's currently occupied by a single tenant under a lease, with a 5+ year lease term desired. The building is zoned C1 - Local Retail Commercial, offering flexibility for various uses. The property benefits from its location on a busy retail corridor, near many national and local retailers, and within two miles of I-77. The average household income within a one-mile radius is $116,571. The building has 3-phase, 240V, 200-amp power. The tenant is responsible for NNN expenses, including taxes (approximately $1.33/SF in 2023), insurance (approximately $0.23/SF in 2024), utilities, trash removal, snow plowing, and landscaping. Additional land at the rear of the building offers potential for expansion or outdoor amenities. Please note that the building is currently occupied

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1936
Construction TYPE NOT SPECIFIED
Total area 8,677 SF
Lot 1.1 ac (48,112 SF)
Zoning code C-1
APN 581-27-006
UPID US66-1849874
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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by Request
Owner & transaction history
I J Kim Co LLC · 14 yrs held
I J Kim Co LLC
since 2012
4 recorded transactions
2012
Price N/A
2011
$25,933
2010
Price N/A
2008
Price N/A
Zoning & alternative use
C-1 · Broadview Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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